The US Dollar dipped against the Japanese Yen in Asian trading as investors' fears grow over President Trump's inability to move his economic policy agenda forward.
In late NY trading, the euro rose to 1.1758 US dollars from 1.1744 USA dollars, and the British pound dropped to 1.2874 USA dollars from 1.2879 US dollars.
The White House Thursday strongly denied rumors that National Economic Council Director Gary Cohn might follow other top business leaders in leaving the Trump administration. The Dow is on pace for its largest two-week percentage decline since mid-September previous year, while the Nasdaq is flirting with its longest weekly losing streak since May 2016, as it has fallen for four weeks in a row.
The S&P 500 was barely higher Friday afternoon as investors assessed the latest White House shakeup, while shares of sporting goods retailers and Deere weighed on the market following disappointing results.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent, but still looked set to gain 1.4 percent for the week after tensions between North Korea and the United States came off the boil.
In response to President Trump's tepid response to violent protests by white supremacists in Charlotteville, a slew of CEOs and business leaders advising the president have resigned their seats on White House boards.
The dollar index rose 0.2 percent, with the euro down 0.24 percent to $1.174, after hitting a three-week low.
Liverpool vs Crystal Palace, Premier League
The reds ended the first half having had nearly 3x times the number of touches as Palace but it remained, stubbornly, level. Liverpool were held to a 3-3 draw at Watford . "A lot of times they were frustrated because we played very organised".
Wall Street closed lower yesterday: The Dow Jones Industrial Average lost 1.24 per cent to close at 21,751, the S&P 500 fell 1.54 per cent to close at 2,430 and the NASDAQ tumbled 1.94 per cent to close at 6,222.
The S&P 500 on Friday lost 4.46 points, or 0.18 percent, to close at 2,425.55, falling 0.6 percent from 2,441.2 on August 11.
The yield on the 10-year Treasury note fell to 2.18% by 4 p.m. ET, a 10 basis point drop from the high point early Wednesday.
Bannon has been also seen by some market participants as an opposing force to Trump's chief economic adviser, Gary Cohn, and Treasury Secretary Steve Mnuchin.
If he is so critical to the White House that his resignation would shake the stock market, President Trump may not want to lose him to the central bank.
Trump on Thursday again decried the removal of pro-slavery Civil War Confederacy monuments, which have fueled US racial tensions.
A safe-haven commodity, spot gold added 0.4 percent to $1,287.45 an ounce.